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Search Result for “baht”

Showing 41 - 50 of 92

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OPINION

Misguided myopia of asking the rich

Oped, Thitinan Pongsudhirak, Published on 24/04/2020

» Prime Minister Prayut Chan-o-cha's initiative to seek more cooperation and assistance from Thailand's 20 wealthiest billionaires is understandable. Thailand needs all the help it can get to handle and manage the social and economic ravages of the coronavirus (Covid-19) crisis. But making an appeal in writing from the top to the country's richest is short-sighted and misguided on many levels. It displays a government at the end of its tether and a leader who is being forced to own up to mismanaging the country for the past six years.

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OPINION

Thailand needs firmer Covid-19 action

Oped, Thitinan Pongsudhirak, Published on 20/03/2020

» While being on the right track, the government's latest response to the new coronavirus (Covid-19) by closing schools and entertainment venues, as well as putting off the Songkran break, is likely to prove too little, too late, once again. As other countries have shown, the sooner firm and hard measures are put in place, the better and likelier efforts to contain and remedy Covid-19 will be successful. An early global lesson from the fast-spreading virus is to be pre-emptive and pro-active, "front-loading" the pain of social adjustments and economic damages rather than playing catch-up and ultimately paying a higher price.

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OPINION

Context is decisive in Thai high politics

News, Thitinan Pongsudhirak, Published on 28/02/2020

» In Thailand's high politics where governments survive or succumb, context is everything. After two decades of a political merry-go-round, marked by a series of elections, street protests, military coups, and judicial interventions only to end up with a problematic post-election rule under military domination, no deep expertise is needed to understand what has been happening in this land.

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OPINION

The global politics of the coronavirus

News, Thitinan Pongsudhirak, Published on 07/02/2020

» It is not surprising that the deadly coronavirus outbreak in Wuhan in China's Hubei province has become a contentious issue in international politics. While the number of fatalities has reached 565 and more than 28,000 have been infected in China to date, the issue has become politicised and polarised because it emerged in an Asian superpower that is aggressive in its pursuit of global supremacy.

OPINION

Thailand's prospects and risks in 2020s

News, Thitinan Pongsudhirak, Published on 31/01/2020

» Notwithstanding recent worldwide celebrations to mark the arrival of 2020, Thailand should be seen as having entered not just a new year but a new decade. Since World War II, Thailand's journey over the ensuing decades meandered through ebbs and flows, overcoming critical bumps and barriers along the way. When 2030 arrives, this country of 70 million predominantly happy-go-lucky people will have faced a prolonged reckoning. While its near-term prospects are likely to worsen, Thailand's long-term future will be either better compared to the past two decades or bad for the long term.

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OPINION

Government's competence in question

News, Thitinan Pongsudhirak, Published on 24/01/2020

» It's just about official. Despite having a government, Thailand is rudderless. Approaching six years under more or less junta rule and military influence, irrespective of an election last year, this once up-and-coming country has degenerated into an authoritarian-bureaucratic state that is unsuited and unfit to address public grievances and demands of the 21st century. Yet Thailand's biggest problem is that this government, a motley coalition propped up by a crooked constitution and led by former junta chief Prayut Chan-o-cha, intends to stay for the long haul despite its growing incompetence. Unless the Thai people's world-famous patience and tolerance are boundless, political tensions will likely mount in the foreseeable future.

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OPINION

Central bank autonomy must be upheld

News, Thitinan Pongsudhirak, Published on 16/08/2019

» When elected governments make noises about economic growth in countries where macroeconomic management is sound and prudent, central bankers tend to quietly bristle and brush off such interference and infringement of monetary space at their own risk. In so doing, central bankers tend to enjoy the support of domestic and international market participants who value central bank independence more than politicians' vested interests, even if it sometimes undercuts their bottom lines. Accordingly, when central bankers go along with the preferences of elected politicians, the conduct of monetary policy comes into question.

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OPINION

Post-poll transitions and directions

News, Thitinan Pongsudhirak, Published on 14/06/2019

» Almost three months after the March 24 poll, Thailand has barely managed to come up with a new government leader, who remains Gen Prayut Chan-o-cha, but a cabinet has still yet to be announced owing to haggling and bargaining over portfolios.

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OPINION

What went wrong for the Democrats?

News, Thitinan Pongsudhirak, Published on 07/06/2019

» It is hard to believe today that Thailand's Democrat Party was widely worth rooting for not so long ago. In past eras of military-authoritarianism, Democrat MPs used to be seen as a force for good, pitted against ruling generals in support of popular rule. Somehow during the current military regime that dates back to the September 2006 coup, Thailand's oldest party has tilted away from democracy towards authoritarianism. But just as the party is demoralised and in disarray, it offers a silver lining in new and fresh faces that could offer a way forward if party elders are willing to step aside.

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OPINION

Thailand's lessons from the Prem years

News, Thitinan Pongsudhirak, Published on 31/05/2019

» In a galloping world of communications instantaneity, Gen Prem Tinsulanonda's passing earlier this week is likely to be framed by popular expectations and grievances so far in the 21st century rather than the conditions and circumstances of the 20th century where most of the late elder statesman's life was rooted.